Listed by Stream Capital Partners
$5,000,000
Walgreens
Details
Property Type Retail
Sub Type Pharmacy/Drug
Square Footage 15,120
Cap Rate 8.5%
NOI $425,000
Occupancy 100%
Tenancy Single
Brand/Tenant Walgreens, CVS Pharmacy
Lease Type Absolute NNN
Remaining Term 7
Rent Bumps No
Lease Options 8, 5 Years
Price per SqFt $331
Year Built 2001
Acreage 1.360
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Retail | 8.50% CAP | 15,120 SqFt
Investment highlights
- Zero Landlord Responsibilities: Tenant operates under an absolute NNN lease structure, ensuring true passive ownership for investors. All expenses—including taxes, insurance, maintenance, and repairs—are fully covered by the tenant, providing stable income throughout the lease term.
- Strong Corporate Guarantor: Guaranteed by Walgreens, a leading national pharmacy retailer with over 8,500 locations, providing investors with a reliable and stable corporate-backed lease.
- Hobby Lobby Outparcel: Strategically positioned as an outparcel to Hobby Lobby, the site is situated within a dominant retail corridor—supporting strong tenant demand and long-term stability.
- Affluent Surrounding Demographics: The property is located within a strong and established trade area, with average household incomes exceeding $93,000 within a 5-mile radius—supporting a high-spending consumer base and driving sustained tenant performance.
- Prime Visibility & Traffic Exposure: Located at a signalized hard corner along Bell Street, the property benefits from excellent visibility, direct access, and exposure to 25,000+ vehicles per day—driving consistent consumer traffic.
Listing Contacts
Listed by Stream Capital Partners
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$425,000.00
$35,416.67/mo
Valuation Metrics
0
DSCR
8.5%
Cap Rate
8.5%
ROI
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